Woodside will deliver 1 MMtpa from Louisiana LNG and the remaining half from its global portfolio
The agreements support Uniper’s strategy to ensure reliable energy supply and flexibility in power generation. “This deal will support our security of supply and flexible generation strategy together with the potential development of additional gas-fired power plants in Germany to complement the renewable build-up,” said Michael Lewis, CEO of Uniper. He added, “With this new project in Louisiana, we are further extending the cooperation with Woodside. Long-term LNG contracts like this contribute directly to the competitiveness of European industry.”
For Woodside, these contracts advance the Louisiana LNG project toward a final investment decision. “Louisiana LNG is Woodside’s largest growth project,” said Meg O’Neill, CEO of Woodside. She further noted, “The addition of Atlantic Basin LNG supply to our established position in the Pacific strengthens Woodside’s portfolio and allows us to tailor contract structures based on various price indices and tenures to better meet our customers’ diverse needs.”
The Louisiana LNG component of the deal involves supplying 1 MMtpa on a free-on-board basis for up to 13 years, starting from the commercial operations date of the Louisiana LNG facility. Additionally, Woodside Energy Trading Singapore Pty. Ltd. will deliver up to 1 MMtpa on a delivered ex-ship basis from its global portfolio, beginning at the same time and continuing through 2039. Both agreements depend on Woodside finalizing its investment in the 16.5 MMtpa Louisiana LNG project.
These contracts strengthen the partnership between Uniper and Woodside, enhancing energy supply reliability in Germany while supporting the competitiveness of European industries. The agreements also mark a significant step in expanding Woodside’s LNG portfolio, aligning with global energy demands and fostering sustainable industrial growth.
